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ANGELA rayner has promised to build twice as many council homes.

Next week, the Deputy Premier is likely to announce a budget of nearly PS1billion to jumpstart construction on tens and thousands of new houses.

The multi-year spending report for next spring is likely to reveal even larger sums.

Rayner says council housing will be crucial to Labour's goal of building 1.5 million homes over the next five-year period.

The team believes that more council housing could reduce the £9 billion in benefit costs and the high cost of the temporary housing which is crippling the council budget.

The Housing Secretary will also crackdown on Right to Buy, a scheme that has led to thousands of council houses being sold at huge discounts.

The deputy PM is looking to reduce the discounts drastically and to tighten up the rules. This means that tenants would have to stay in their home for 10 years, instead of the current 3 - before they can buy.

The option of buying newly built council houses could be removed, thus preserving the much needed social housing stock.

The aim of these measures is to prevent the loss of 23,000 social homes each year, due to demolitions, sales or conversions.

Ms Rayner wants to reverse the trend in 2026.

It is reported that she made a profit of £48,500 when she sold her house eight years after buying it using the Right to Buy Scheme in 2007.

The housing budget will be boosted by up to PS1billion, thanks to the support of Chancellor Rachel Reeves.

Both Ms Rayner, and Ms Reeves seem to be united in their efforts to combat the Housing Crisis despite disagreements about local government funding.

This scheme offers people who rent council houses (owned by the local council) a chance to purchase their home at a discounted price.

You can get up to 70% off if you have lived there for a long time.

Millions of people used this program to become homeowners.

The scheme also resulted in a significant reduction of available housing, since many homes were sold, and they weren't replaced.

It has led to an acute shortage of housing that is affordable for those in need.

Angela Rayner wants to lower the discounts for council tenants and to make it more difficult to purchase their homes. She is trying to preserve the amount of affordable housing available.



Source: Housing

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